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Updated 13 days ago,
Heloc issues LLC
I would love advice from the community on this issue. My wife and I recently inherited a home, which we took possession of earlier this year. We quit claimed the deed into our LLC for liability etc. The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.
What I didn't realize is how difficult it is to find a business heloc. I have searched and filled out endless online forms only to have lenders offer me unsecured loans or other products, but not a heloc. We also tried getting a personal heloc, but can't do that on a property held in an LLC. So before I transfer ownership back and start a seasoning period, I thought I would ask if there were any solutions I am not finding.
Thanks! Aaron Hil